NetSuite SuiteWorld 2012, SAN FRANCISCO—May 17, 2012—NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP software suites, today announced the winners of the annual SUITEY Awards, given to businesses that have used cloud computing technology to increase productivity, reduce IT costs and power rapid growth. The awards were presented on May 16 at the SuiteWorld 2012 user, partner and developer conference in San Francisco. For the complete list of the winners, please visit www.netsuite.com.au/suitey2012.

Now in their third year, the SUITEY Awards (formerly called the Hairball Awards) are a customer awards program recognizing businesses that have achieved major cost savings and productivity gains after implementing NetSuite to replace costly and complex on-premise ERP systems and disparate standalone applications. Thirty-eight companies in a range of industries were nominated in nine categories. The winners distinguished themselves by capitalizing on the potential of the NetSuite solution to replace numerous applications and streamline core aspects of enterprise operations. The winners by category are as follows:

Saving $360,000 yearly on IT maintenance and development over the cost of a comparable on-premise ERP system Automated order management--processes orders in 30 seconds, compared to 8 to 15 minutes with the previous system

Improved efficiency with single management view of inventory, warehousing, sales, and customers

Manages 1,000 SKUs across two warehouses in Ohio and California

Since deploying NetSuite, MFS Supply has been included in the Inc. 500 list of top companies in 2010 and 2011. They've also been named to the Weatherhead 100 list of Fastest Growing Companies in Northeast Ohio

Best Software Company Solution—DataCert

Replaced QuickBooks, Salesforce, Microsoft Projects, and Excel

Reduced monthly and quarterly close from several weeks to just five days while enhancing forecasting and financial analysis

Empower external customers to enter and track status of support tickets

Eliminated 5,000+ paper signatures via NetSuite custom record

Best SuiteCloud Platform Solution—J.A. King

Built out a field service management solution that automatically schedules tests and allows their customers to schedule work and get status updates via customer centre

Reduced timing of work-to-bill for cash flow from eight days to three days

Repurposed two data entry clerks to work in other areas of the business

Best Non-Profit Solution—Kiva.org

Supports distribution of more than $300 million in loans to entrepreneurs in 55 countries to help alleviate poverty Uses NetSuite for accounting, multi-currency management, expenses and payables management